Universal Pictures and its specialty arm Focus Features have struck a deal to finance and sell a package of five movies to be made by the new independent production banner that’s a partnership among the three Mexican filmmakers Alfonso Cuaron, Guillermo del Toro and Alejandro Gonzales Inarritu.
Moniker for the new venture is cha cha cha.
The five projects, some in Spanish and some in English, will include directorial efforts from each of the three partners, as well as movies from writer-directors Carlos Cuaron and Rodrigo Garcia. Creative control of the projects will remain with the filmmakers.
Universal will fully finance and co-own the five movies with the slate, which funded its own development of the projects. The combined budget of the slate is around $100 million.
